I'm pretty sure that it has been the case in 99% of scenarios were consolidation always ended up in a shittier experience for the consumer and employees regardless of the promises the merging companies made.
But money talks at the end of the day.
Source: used to deal with permits for them in a metro area.
Ultimately they got some assets in the merger though
Right now I am in small town south GA and getting 120/40 on cellular.
The universe enforced me being unreachable outside of work hours and I didn't mind that at all.
But yes, the nextel merger and the bad gamble with wiMax definitely sunk them long term.
https://en.wikipedia.org/wiki/Attempted_purchase_of_T-Mobile...
https://en.m.wikipedia.org/wiki/Merger_of_Sprint_Corporation...
>In December 2013, multiple reports indicated that Sprint Corporation and its parent company SoftBank were working towards a deal to acquire a majority stake in T-Mobile US for at least US$20 billion...On August 4, 2014, Bloomberg reported that Sprint had abandoned its bid to acquire T-Mobile, considering the unlikelihood that such a deal would be approved by the U.S. government and its regulators
I guess saying it got blocked is subtly inaccurate, though. They simply stopped because they weren't confident in getting through antitrust.
Why am I not surprised to see that name. Is there anything that SoftBank touched that's not a complete failure? What the fuck have they been doing besides burning Saudi oil sheik money?
The whole reason to form the monopoly is to extract that money from the citizens. They have the money, the players merely want it.
So, no.. apparently the money does not talk at the end of the day. Corruption clearly does.
But it's pretty difficult to prove any of this, because you don't know what would have happened if there wasn't a merger.
Yea.. but "not merging" isn't something that had to be approved by the DOJ. It's a false equivalence.